Another big story: while the OAS aims to legitimize the Cuban regime by granting it membership in the organization, the Cuban government rejected the idea via an article by Fidel Castro in Granma, the official organ of the Cuban Communist Party.
In other news, Peru is also granting asylum to Bolivian ministers who oppose Evo Morales. as you may recall, Peru recently granted political asylum to Venezuelan opposition leader Manuel Rosales.
Welcome to the Carnival of Latin America and the Caribbean. If you would like your link included in next Monday's Carnival, please email me, faustaw2 "at" gmail "dot" com.
Two big stories last week: Allen Stanford, resident of St. Croix and holder of dual US-Antigua citizenship, managed to bilk thousands of investors across Latin America, and went missing for a few days. He eventually was located in Virginia. I did a background post for Real Clear World and will continue to follow the story in months to come.
Welcome to the Carnival of Latin America and the Caribbean. If you would like your posts included in the Carnival, please email me, faustaw2 “at” gmail “dot” com.
While Venezuela remains in the news since this week precedes next Sunday’s constitutional referendum, there are good news from the region. I’ll talk in today’s podcast at 11AM Eastern about how Uruguay’s favorable business environment is attracting foreign investment, and there are other stories – check top story under the Latin America header for more.
Welcome to the Carnival of Latin America and the Caribbean. If you would like your posts included in next week's Carnival please email me: faustaw2 "at" gmail "dot" com.
Yesterday's big news: Bolivia, the hemisphere's third poorest country after Haiti and Guyana, approved a new Constitution
Approval of the constitution, which caps a two-year campaign by Morales, will give expanded discretionary powers to the president, such as the ability to dissolve Congress. He will also be eligible to run for a second five-year term late next year. The earlier constitution did not allow consecutive terms.
Observers expect him to dissolve Congress and call for new elections ahead of scheduled December 2009 balloting.
As expected, voters in the western highland states such as La Paz with large indigenous populations overwhelmingly approved the new charter, according to the preliminary results, while voters in the four eastern states that passed autonomy measures last year were resoundingly opposed.
For many voters interviewed Sunday in the city of La Paz, the nation's capital, the most salient features of the new charter are the strengthened rights for Bolivia's three dozen ethnic groups, which make up about a third of Bolivia's 9.2 million population. The word "indigenous" appears 130 times in the new constitution.
According to clauses in the new document, those groups will now be able to eschew the traditional court system and resort to their own "community justice," claim some nationalized lands as their own and receive a greater share of royalties on minerals and energy developed on or beneath those lands.
I'm writing a post on the referendum for Real Clear World Blog, and will link to it here later.
In today's podcast: The Bolivian referendum, other headlines from today's Carnival, and a few words on Slumdog Millionaire from the context of third-world poverty. Chat's open at 10:45AM and the call in number is 646 652-2639. Join the conversation!
You can listen to the podcast here, live, or archived.
In today's podcast I'll be talking about Pres. Bush's legacy in Colombia. Chat's open at 10:45AM.
LATIN AMERICA “Lula marcó distancia ante la posición de Chávez” Lula distances himself from Chavez's position; Hillary and Obama aren't happy about Chavez's anti-Americanism, and other brief news today at Noticias24.
Last week Chavez expelled the Israeli ambassador to Caracas. Yesterday he was threatening to expel the American Charge d'Affaires in Caracas, John Caulfield, for going to a wedding in Puerto Rico. Chavez claims Caulfield was plotting against him...at the wedding.
Argentina's economic outlook is bleak, and not likely to improve over the short term. While the country has been invited to the G20 summit and may be distancing itself from Caracas's influence, government spending is out of control,
Argentina’s Ministry of Economics estimated in midsummer that the country was carrying about $150 billion in debt. The government has been borrowing from anyone who will lend — namely, the captive domestic bond market and regional ally Venezuela — at high interest rates to fund its populist programs, which include steep energy subsidies and the outright nationalization of six (now seven, counting Aerolineas) companies. Payments on Argentina’s debt will total more than $10 billion in the first six months of 2009 alone. At the same time, the government is assuming more and more responsibilities across the board and shows no sign of halting.
Because the 2009 government budget did not take the nationalized pension funds into account, it appeared at first blush that the government might have secured for itself some means of taking the bite out of debt payments with that appropriation. Given that the original budget was based on highly optimistic economic performance forecasts — the global downturn and the decline of Argentina’s agriculture industry notwithstanding –- it was possible to argue that the move was relatively prudent, despite the jitters felt by investors.
But the reality is that Fernandez is increasing spending at such a rate that the administration will quickly burn through the extra cash. This is not typical debt manipulation, but rather, as investors had feared, the outright commandeering of Argentines’ retirement savings to prop up the government’s populist policies.
Setting aside the emotional and financial impact to Argentine workers as they contemplate their futures, the government has ensnared itself in an accounting dilemma. If spending continues in the face of falling revenue and limited credit, Buenos Aires eventually will hit a wall. And so far, its only recourse has been to liquidate what few financial assets remain in-country. Although there could yet be a grand scheme that will compensate for this problem, the government has shown no evidence thus far that one exists. The odds of an outright debt default and a return to the economic crisis of 2002 are growing.
The Antigua Sun reported that the Antigua and Barbuda Medical Registration Board (MRB) refused to register the documents because, according to the Chairman of the MRB, David Dorset, the requirements were not satisfied that they could practice medicine by themselves.
Additionally Dorset said the applicants had not proven their entitlement to practice medicine in another country. Therefore, they would not be registered in Antigua and Barbuda under the Medical Act.
Welcome to the Carnival of Latin America and the Caribbean. If you would like your posts included in the next Carnival, please email me, faustaw2 "at" gmail "dot" com.
This week's big story: Brazil continues its ascendance as a diplomatic powerhouse for the hemisphere. Last week thirty-three countries met in Brazil for the first Latin American and Caribbean Summit on Integration and Development. Today president Lula hosts French President Nicolas Sarkozy, who's visting the country to bring about bilateral cooperation in several areas, including the production of defense submarines. I'll be discussing Sarko's visit in today's podcast at 11AM Eastern, which you can listen to here.
Combined with a revamped Plan Colombia, the FTA can then promote both human rights and the overall quality of life in Colombia. One of the loudest proponents for the FTA is Asocolflores, Colombia's flower exporters association. Dependent on the U.S. market, its companies employ 200,000 Colombians. This and other export industries create jobs and opportunities that provide poor Colombians alternatives to growing coca, the plant used to make cocaine.
Real change will not come from bulletproof armor, helicopters, and tanks, but will depend on Colombia's institutional capabilities and the economic opportunities it can offer its citizens. The United States should focus Plan Colombia on improving justice and human rights, and pass the FTA to improve economic opportunities for both countries' citizens. President-elect Obama's campaign promised change; our regional partners could use some, too.
The Colombian hostage rescue edition of the Carnival of Latin America and the Caribbean
Welcome to the Carnival of Latin America and the Caribbean. If you would like your posts included, please email me: faustaw2 "at" gmail "dot" com.
The big news of the year so far is the rescue by the Colombian military of the FARC's four most valuable hostages: French-Colombian politician Ingrid Betancourt, Americans Thomas Howes, Keith Stansell and Marc Gonsalves, and eleven Colombian officers and NCOs, including the courageous Lt. Malagon who remained unbroken after ten years of captivity.
Since the late 1990s, the NGO practice of dragging the military into court on allegations of human rights violations has destroyed the careers of some of the country's finest officers, even though most of these men were found innocent after years of proceedings. "Judicial warfare" turned out to be especially effective because under legislation pushed by Vermont Sen. Patrick Leahy, "credible" charges against officers put at risk U.S. military aid unless the accused was removed. The NGOs knew that they only had to point fingers to get rid of an effective leader and demoralize the ranks. Given this history, it's not surprising that the FARC thought a helicopter from an NGO was perfectly natural.
Pfc. Robert Camocho, of Yabucoa, Puerto Rico, Co. B., 2-6th Inf. Regt., scans a simulated IED lane while training at Camp Buehring, Kuwait. (U.S. Army photo by Pfc. Michael Schuch)
Fausta was born and raised in Santurce, Puerto Rico and is a long-term resident of Princeton, New Jersey. She discusses New Jersey, taxation, current events, and how news are reported in the French and Spanish-language media at Fausta's Blog.
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